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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 0.5x - 0.5x | 0.5x |
Selected Fwd Ps Multiple | 0.6x - 0.7x | 0.6x |
Fair Value | €17.52 - €19.37 | €18.45 |
Upside | 37.5% - 51.9% | 44.7% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Hanesbrands Inc. | - | NYSE:HBI |
Fossil Group, Inc. | - | NasdaqGS:FOSL |
Vera Bradley, Inc. | - | NasdaqGS:VRA |
Under Armour, Inc. | - | NYSE:UAA |
lululemon athletica inc. | - | NasdaqGS:LULU |
Capri Holdings Limited | - | DB:MKO |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
HBI | FOSL | VRA | UAA | LULU | MKO | |||
NYSE:HBI | NasdaqGS:FOSL | NasdaqGS:VRA | NYSE:UAA | NasdaqGS:LULU | DB:MKO | |||
Historical Sales Growth | ||||||||
5Y CAGR | -11.4% | -12.4% | -5.6% | 1.6% | 21.6% | -0.3% | ||
3Y CAGR | -19.8% | -15.1% | -11.7% | 0.1% | 19.2% | 8.4% | ||
Latest Twelve Months | -3.6% | -18.9% | -21.0% | -7.8% | 10.1% | -12.3% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -1.1% | -4.9% | -2.4% | 2.9% | 14.5% | 1.8% | ||
Prior Fiscal Year | 0.8% | -11.1% | 1.7% | 6.3% | 16.1% | 11.0% | ||
Latest Fiscal Year | -2.8% | -9.0% | -16.7% | 4.1% | 17.1% | -4.4% | ||
Latest Twelve Months | -2.8% | -9.0% | -16.7% | -2.4% | 17.1% | -21.8% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 7.6x | -12.5x | -5.9x | 7.4x | 10.5x | 13.1x | ||
Price / LTM Sales | 0.4x | 0.0x | 0.2x | 0.4x | 3.0x | 0.4x | ||
LTM P/E Ratio | -15.9x | -0.5x | -0.9x | -17.2x | 17.4x | -1.7x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.0x | 0.4x | 3.0x | |||||
Historical LTM P/S Ratio | 0.3x | 1.0x | 1.9x | |||||
Selected Price / Sales Multiple | 0.5x | 0.5x | 0.5x | |||||
(x) LTM Sales | 4,630 | 4,630 | 4,630 | |||||
(=) Equity Value | 2,273 | 2,393 | 2,512 | |||||
(/) Shares Outstanding | 117.9 | 117.9 | 117.9 | |||||
Implied Value Range | 19.28 | 20.29 | 21.31 | |||||
FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | Market Price | ||||
Implied Value Range (Trading Cur) | 16.97 | 17.87 | 18.76 | 12.75 | ||||
Upside / (Downside) | 33.2% | 40.2% | 47.2% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | HBI | FOSL | VRA | UAA | LULU | MKO | |
Value of Common Equity | 1,561 | 51 | 55 | 2,338 | 31,337 | 1,707 | |
(/) Shares Outstanding | 353.1 | 53.3 | 27.7 | 429.9 | 120.6 | 117.9 | |
Implied Stock Price | 4.42 | 0.95 | 1.97 | 5.44 | 259.76 | 14.48 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.14 | |
Implied Stock Price (Trading Cur) | 4.42 | 0.95 | 1.97 | 5.44 | 259.76 | 12.75 | |
Trading Currency | USD | USD | USD | USD | USD | EUR | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.14 |